VOL. XLIII

No. 19

8-May-2000

UAE

Emirates Announces $122Mn Profits And Plans To Buy A3XX

The Emirates Group (the holding entity for Emirates airline and travel management company DNATA, amongst others) announced on 30 April that it had realized a net profit of Dh447.4mn ($121.8mn) in the fiscal year 1999-2000, a rise of 4.3% compared to the previous years Dh429mn ($117mn). The year also witnessed a 12% increase in passengers and 26% rise in freight traffic to 270,000 tons. Revenue for the...